Organization for Economic Cooperation and Development (OECD)

Date

2010

Language

English

File Type

Link

Subject

Social Development < Population

Abstract

In contrast to most other OECD countries Korea had only one quarter of negative GDP growth in the current economic crisis, but the decline in the fourth quarter of 2008 was substantial (-5.1%). Unemployment increased in the following quarter (to 3.8% from 3.1%), but has been declining each quarter since then.